Scoring an excellent price on a storage unit in Westminster often comes down to knowing what kind of price range to expect. Being that the average price of storage unit can be different by hundreds of dollars between two cities in the same state, any past experiences booking storage elsewhere will help you little in figuring out how much you should pay. Which is why, in order to ensure that you go into your storage search as well informed as possible, we've gone ahead and processed the data for you.
On average, a self storage unit in Westminster will rent for $57.75 a month. For you long-term storage seekers out there, that's about $693 per year. But before you go out and search for storage within the context of that figure, it's important to note here that that average price includes all standard sizes of storage units. You can easily end up paying up to or exceeding twice as much money for the larger units than the smaller sizes. The standard sizes of storage units available in Westminster include 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The average rental rates for each size of storage unit found in Westminster are:
|Storage Unit Size||Average Price in Westminster, CO|
It's often true that the same storage unit at the same storage facility will cost significantly more or less in April than it does in November. That's because self storage is a seasonal industry. Peaking in May through September, when most people in the United States move, and dropping to their lowest in October through March, when far fewer people move homes, storage prices and closely linked to moving patterns. Memorial Day weekend marks the definitive end to the low season. The following Tuesday is often so busy that it's popularly known as 'Crazy Tuesday' within the self storage industry. University towns often see the sharpest seasonal spikes, as college students rent a significant number of storage units when they go home during their summer break. Smaller sized units in particular will see a rise in price during this period.
Analysts at SelfStorage.com have determined that seasonal swings aren't as extreme in Westminster as they are in other cities. However, even though prices are less likely to change dramatically in Westminster, locking in a rate for your entire stay often allows you to bargain the total price down. The lowest prices on self storage in Westminster can be found during the month of January, with an average price of $57.75, while the most expensive month is February, with an average price of $128.9.
Finding storage is a game of numbers, and one important number is that of the amount of storage facilities in your city. More facilities bring more options, so the odds of finding the perfect unit increase as the number of facilities in your area does. So are there a large or small number of storage businesses operating in Westminster?
7 storage facilities in Westminster, CO are listed on SelfStorage.com's facility network. Colorado cities have an average 12 self-storage facilities listed on our national network. To give you a little more perspective, that's 5 more facilities than are listed in Westminster, meaning Westminster offers slightly lower-than-average options. When ranked against the other 30 cities in Colorado in order of number of facilities, Westminster only comes in 13th place, with 1.94% of the state's storage facilities. Similarly, there are few storage facilities in Westminster on a national scale: 2 fewer than the national average of 9, to be exact.
But of course, comparing the raw number of storage facilities in Westminster to other cities in Colorado and nationwide without taking population into account tells us very little. 109,180 people make Westminster their home. Is 7 a relatively high or low number of storage facilities for such a population? Comparing Westminster with other cities in its 100,000 to 250,000 population group shows us that Westminster has significantly fewer self-storage facilities for its size relative to these other cities. With an average of 18 facilities per city, Westminster is an average 11 behind those in the 100,000 to 250,000 group, with substantially-less storage space. Westminster's below average number of facilities seems to be affirmed when we look at the actual per capita number of facilities. With 7 storage businesses for 109,180 residents, Westminster ranks in the 14th percentile for storage facilities per person in cities on our self-storage network. This means that there's very little storage space per each resident of Westminster in relation to the amount of space per resident in other cities. Even when we only compare Westminster to other cities in its state, it still appears to have relatively little self-storage space for the size of its population, coming in at the 20th percentile for facilities per capita among cities in Colorado.
Finally, it also seems that Westminster is undergoing a modest level of population growth. According to the US Census, Westminster grew by 7.7% from 2000 to 2010, which, though not insignificant, is 9.2% less than the 16.9% growth Colorado saw. Concluding that demand for storage in Westminster would be lower than in other cities in Colorado due to its relatively-low growth rate would, however, be ignoring the fact that Westminster has fewer facilities for its population than many of these cities, and that a shorter supply would have the same effects on price as high demand.
It's not uncommon for another community a few miles down the road to offer substanial savings on storage compared to the rates in your community. Storage facilities just on the periphery of your current search might have some great rental rates, and you'll only find them if you search a little more broadly. This might make it more difficult to access your unit, but the extra money in your pocket every month may just be worth it. If we can show that self-storage (also known as public self storage and mini storage) in Westminster is more expensive than its surroundings, then you'll know to expand your search.
An average price of $57.75 a month for a storage unit makes Westminster the 19th most expensive city in Colorado for self-storage, while Colorado itself is the 17th most expensive state. When searching for storage in Westminster, expect to pay $20.08 less than Colorado's average price of $77.83.
But average prices don't necessarily tell you how affordable storage is in a given city, as money goes further in some states than it does in others. That's why we've developed a 'relative price' scale that takes state median income into account. The median income in Colorado is $60,381.00, which means the average storage unit in Westminster would require 1.15% of a median earner's monthly income. This is a moderately small percentage of income to spend on a self-storage unit compared to rates in other cities, ranking at the 40th percentile among other cities in Colorado, meaning self-storage here is relatively cheap.
The same holds true on a national scale, where self-storage rates in Westminster are comparatively very cheap, ranking in at the 23rd percentile among cities on our nationwide network. Expect to pay $14.40 less than the national average of $72.15 when searching for self storage in Westminster.
Storage prices often follow real estate trends, which means that certain areas of Westminster can be significantly more or less expensive than others. The best prices on storage in Westminster can be found in the 5158 ZIP code. Units there average $87.71 a month. Storage is costliest in the 80031 ZIP code, where you should expect to pay about $138.72 a month for a unit.
Do you want to find a ridiculously inexpensive self storage unit in Westminster, CO? You'll score the best bargains in January within the 5158 ZIP code. If you can, try not to conduct your storage search during February, when prices are at their acme, and be warned that the 80031 area has the worst prices.
Westminster, CO self storage typically costs between $50 and $187 a month. Storage is currently in stock.
If you’re considering buying/selling a home instead of renting, it’s crucial to find a storage unit that will last you through the purchase or sale process. Especially when, according to Zillow, Westminster had an average home value of $235,000 which in the past year is up 0.071%.